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(ATLANTA) — July 7, 2019
Today artists hold the responsibility of protecting their music but there is no easy way to transition the creative process to the business process of owning the rights to their work.
This problem affects everyone who receives credit for a song (artists, producers, and songwriters) and all parties that hold the legal responsibility of paying rights holders (publishers, performing rights organizations, streaming providers, movie studios, labels, etc…).
A new platform called The LABZ aims to solve this problem by tracking, storing and protecting music rights in real time and generating splits sheets for each music creator – all in one workspace.
“Many independent artists envision sitting down with a group of creators and producing the next hot song,” says The LABZ CEO and cofounder Farah Allen. “What they don’t think about is the responsibility of protecting their work and fairly compensating other individuals who contributed. The LABZ assists with both creative collaboration and the business process to empower independent artists to successfully operate as an independent.”
Within the free platform, music creators can add their publishing information to their profile, upload music files and invite other creators to collaborate on music and lyrics. Based on those contributions, The LABZ automates and suggests split ownership and emails split sheets that once all parties approve. For the first time ever, indie artists, songwriters, producers can now collaborate together in one secured workspace while their contributions are automatically tracked and their music rights are protected. And the best part of it all, all work is back by Blockchain technology.
“We are the new industry standard for protecting music rights,” says Tami LaTrell, The LABZ CMO and Multiplatinum GRAMMY Nominated Songwriter who’s written for Whitney Houston, Keyshia Cole, Monica, and SWV. “As a creator myself I know first hand the benefit of having this platform as my go-to. It makes having the awkward conversations of getting split sheets at the end of the session a seamless process. In addition, The LABZ helps all music creators sleep peacefully knowing their intellectual property is protected,” LaTrell said.
The LABZ is not only a jam packed tool for music creators, but other music business platforms that serve indie artists see the benefit it has as well.
“IndieHitmaker has integrated The LABZ solution into our release plan which serves as the cornerstone for building momentum for thousands of artists on our platform,” said Founder Bram Bessoff.
The platform launched beta in October 2018 at Atlanta’s A3C Music Festival at their Top 5 music startups showcase and has since been was selected out of 9000 companies for the SXSW 2019 ReleaseIt Stage (Forbes Magazine – The Labz), selected for Project Music (backed by the Country Music Association).
This all in one collaboration and music rights platform is The LABZ’s first step toward satisfying music creators desire to create securely and for music business organizations to be able to collect clean data for royalty assigning and distribution.